1. Summary Information
|
|
|
Country |
|
|
Company Name |
SHREYA LIFE SCIENCES PRIVATE LIMIYED |
Principal Name 1 |
Mr. Sujitkumar Jagannath Singh |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sheel Kumar Singh |
|
|
|
Registration # |
11-061136 |
|
Street Address |
Shreya House, 6th Floor, 301/ |
||
|
Established Date |
10.04.1991 |
SIC Code |
-- |
|
Telephone# |
91-22-66938222/ 66959844 / 42220236 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-66939222 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Ethambutol (Combutol) |
|
|
# of employees |
Approximately 600 |
Product Name 2 |
Pharmaceuticals |
|
Paid up capital |
Rs. 62,954,600/- |
Product Name 3 |
Bulk Drugs |
|
Shareholders |
Foreign holdings (17.00%) Directors or relatives of directors
(83.00%) |
Banking |
Bank
of |
|
Public Limited Corp. |
NO |
Business Period |
20 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary
Company |
|
Serena Pharma Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,342,769,000 |
Current Liabilities |
1,269,496,000 |
|
Inventories |
307,978,000 |
Long-term Liabilities |
1,800,930,000 |
|
Fixed Assets |
1,247,598,000 |
Other Liabilities |
63,454,000 |
|
Deferred Assets |
58,792,000 |
Total Liabilities |
3,133,880,000 |
|
Invest& other Assets |
61,799,000 |
Retained Earnings |
1,622,101,000 |
|
|
|
Net Worth |
1,885,056,000 |
|
Total Assets |
5,018,936,000 |
Total Liab. & Equity |
5,018,936,000 |
|
Total Assets (Previous Year) |
4,581,124,000 |
|
|
|
P/L Statement as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
255,701,000 |
|
Sales(Previous yr) |
4,392,459,000 |
Net Profit(Prev.yr) |
325,149,000 |
MIRA
INFORM REPORT
|
Report Date : |
13.01.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHREYA LIFE SCIENCES PRIVATE LIMIYED |
|
|
|
|
Formerly Known As : |
AMIKA TRADING PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Shreya House, 6th Floor, 301/ |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2009 |
|
|
|
|
Date of Incorporation : |
10.04.1991 |
|
|
|
|
Com. Reg. No.: |
11-061136 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51900MH1991PTC061136 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Trader of Pharmaceuticals and Bulk Drugs. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 7500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be regular and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. The latest Profit and Loss of the company is not available. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY [General Details]
|
Name : |
Mr. Sujit Kumar Singh |
|
Designation : |
Director |
LOCATIONS
|
Registered/ Head Office : |
Shreya House, 6th Floor, 301/ |
|
Tel. No.: |
91-22-66938222/ 66959844 / 42220236 |
|
Fax No.: |
91-22-66939222 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
3000 sq. ft. [Owned] |
|
|
|
|
|
B-9/2, MIDC, Waluj – 431136, |
|
Tel. No.: |
91-240-6636700 |
|
Fax No.: |
91-240-2554581 |
|
E-Mail : |
|
|
|
|
|
Roorkee Plant Office : |
Plot No.13/14/15, Village: |
|
Tel. No.: |
91-1332-287287 / 287211 |
|
Fax No.: |
91-1332-232755 / 235244 |
|
E-Mail : |
DIRECTORS
AS ON 15.09.2010
|
Name : |
Mr. Sujitkumar Jagannath Singh |
|
Designation : |
Chairman and Managing Director |
|
Address : |
1302, Wallace Apartment – I |
|
Date of Birth/Age : |
15.03.1971 |
|
Date of Appointment : |
30.09.1999 |
|
|
|
|
Name : |
Mr. Sheel Kumar Singh |
|
Designation : |
Director |
|
Address : |
37 Surag Apartments, Nutan Laxmi Co-op Society, |
|
Date of Birth/Age : |
10.02.1973 |
|
Date of Appointment : |
14.09.2006 |
|
Email : |
|
|
Other Directorship Companies: |
Shreya Creations Private Limited Director U92100MH2000PTC124644 Shreya Com Private Limited Director U72900MH2000PTC126235 |
|
|
|
|
Name : |
Mr. Vivekanand Sharadanand Jha |
|
Designation : |
Director |
|
Address : |
15, Hardev Sai Society, Caves Road, Jogeshwari East, Mumbai – 400060,
Maharashtra, India |
|
Date of Birth/Age : |
14.02.1970 |
|
Date of Appointment : |
30.01.2002 |
|
|
|
|
Name : |
Mr. Himanshu Baldev Singh |
|
Designation : |
Director |
|
Address : |
Sneha 82, Nutan Lxmi Soc. N.S. Road No – 8, Juhu Scheme, G.V.P.D. Vile
Parle [West], Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1977 |
|
Date of Appointment : |
20.03.2009 |
|
|
|
|
Name : |
Mr. Radha Krishna Nagpal |
|
Designation : |
Director |
|
Address : |
7/102, Sagar Kiran Kannamawar Nagar, No.1 Vikjroli – East,
Mumbai – 400083, |
|
Date of Birth/Age : |
01.05.1954 |
|
Date of Appointment : |
06.04.2004 |
|
Date of Ceasing : |
20.03.2009 |
KEY EXECUTIVES
|
Name : |
Mr. Amal Tripathi |
|
Designation : |
Company Secretary |
|
Address : |
C-402, 4th |
|
Date of Birth/Age : |
29.09.1973 |
|
Date of Appointment : |
01.07.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sujit Kumar Singh |
|
1971860 |
|
R S Investments Limited, British Vergin |
|
1070320 |
|
Jagannath Prasad Singh |
|
1364740 |
|
Vishwananth Prasad |
|
944300 |
|
Baidhnath Singh |
|
944240 |
|
|
|
|
|
Total |
|
6295460 |
Equity Share Breakup (Percentage of Total Equity)
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
17.00 |
|
Directors or relatives of directors |
|
83.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Pharmaceuticals and Bulk Drugs. |
|
|
|
|
Products : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit [30-60 Days] |
|
|
|
|
Purchasing : |
Cash and Credit [30-60 Days] |
PRODUCTION STATUS (AS
ON 31.03.2008)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Liquid Injectable ** |
Kilo Litres |
145.20 |
80.60 |
|
Dry Powder Injectables ** |
Tonnes |
0.01 |
2.63 |
|
Liquid Orals * * |
Kilo Litres |
-- |
600.02 |
|
Tablets/Capsules ** |
Nos/Lakhs |
16860.00 |
5536.39 |
|
Powders/Granules ** |
Tonnes |
-- |
91.12 |
|
Ointments ** |
Tonnes |
-- |
21.94 |
|
Spray / Bandage ** |
Tonnes |
-- |
4.91 |
|
Bulk Drugs |
Tonnes |
15.00 |
4.29 |
|
Insulin |
Kilo Ltrs |
43.20 |
1.31 |
** Production
includes loan licensee (third party) processing:
- Liquid injectables: 113.06 kilo litres, Dry powder injectables 0.77 tonnes
- Liquid oral: 600.02 kilo litres
- Tablet / Capsules: 1.564.84 numbers / lakhs
- Powder granules: 91.2 1 tonnes
- Ointment: 21.94 tonnes
- Spiny bandage: 4.91 tonnes
GENERAL INFORMATION
|
Customers : |
|
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No. of Employees : |
Approximately 600 |
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Bankers : |
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|||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institute : |
Indiabulls Financial Services Limited, F-60, Malhotra Building, 2nd
Floor, Cannaught Palace, New Delhi – 110001, India |
|
|
|
|
Auditors : |
|
|
Name : |
R G Mehta and Company Chartered Accountants |
|
Address : |
B 203 Suchita Enclave Above ICICI Prudencial, Maharashtra
Nagar, Borivali East, Mumbai – 400092, |
|
|
|
|
Associates: |
Activities : Trading and Distribution of Pharma Products
|
|
|
|
|
Subsidiaries : |
CIN: U24239MH2001PTC131489 |
CAPITAL STRUCTURE
AS ON 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6295460 |
Equity Shares |
Rs.10/- each |
Rs.62.955
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
62.955 |
62.955 |
62.955 |
|
|
2] Share Application Money |
200.000 |
200.000 |
200.000 |
|
|
3] Reserves & Surplus |
1622.101 |
1415.955 |
1162.370 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1885.056 |
1678.910 |
1425.325 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1705.782 |
1698.536 |
1586.289 |
|
|
2] Unsecured Loans |
95.148 |
102.033 |
80.787 |
|
|
TOTAL BORROWING |
1800.930 |
1800.569 |
1667.076 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3685.986 |
3479.479 |
3092.401 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1247.598 |
514.968 |
701.364 |
|
|
Capital work-in-progress |
36.158 |
983.765 |
596.350 |
|
|
|
|
|
|
|
|
INVESTMENT |
25.641 |
25.616 |
35.013 |
|
|
DEFERREX TAX ASSETS |
58.792 |
31.799 |
10.071 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
307.978
|
259.662 |
202.751 |
|
|
Sundry Debtors |
2919.624
|
2399.594 |
1789.328 |
|
|
Cash & Bank Balances |
47.442
|
66.219 |
337.177 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
375.703
|
299.501 |
203.586 |
|
Total
Current Assets |
3650.747
|
3024.976 |
2532.842 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
1269.496
|
881.937 |
638.219 |
|
|
Current Liabilities |
145.907 |
110.056 |
|
|
|
Provisions |
63.454
|
73.801 |
34.964 |
|
Total
Current Liabilities |
1332.950
|
1101.645 |
783.239 |
|
|
Net Current Assets |
2317.797
|
1923.331 |
1749.603 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3685.986 |
3479.479 |
3092.401 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
4392.459 |
3479.269 |
|
|
|
Other Income |
|
44.871 |
21.487 |
|
|
|
TOTAL (A) |
|
4437.330 |
3500.756 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Cost |
|
1931.590 |
1361.977 |
|
|
|
Personnel Cost |
|
312.414 |
297.547 |
|
|
|
Operating Expenses |
|
1401.330 |
1158.820 |
|
|
|
Prior Period Expenses |
|
129.728 |
0.000 |
|
|
|
TOTAL (B) |
|
3775.062 |
2818.344 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
662.268 |
682.412 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
162.615 |
159.332 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
499.653 |
523.080 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
|
207.457 |
219.407 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
292.196 |
303.673 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
36.495 |
(21.476) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
255.701 |
325.149 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
644.324 |
319.175 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.000 |
0.000 |
|
|
|
Dividend |
|
0.000 |
0.000 |
|
|
|
Tax on Dividend |
|
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
900.025 |
644.324 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export on F.O.B. Basis |
|
1881.595 |
1475.996 |
|
|
|
Reimbursement of expenses |
|
17.485 |
12.567 |
|
|
TOTAL EARNINGS |
|
1899.080 |
1488.563 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials / components |
|
114.823 |
91.448 |
|
|
|
Capital Goods |
|
13.959 |
46.869 |
|
|
TOTAL IMPORTS |
|
128.782 |
138.317 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
40.62 |
51.65 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
NA
|
5.76 |
9.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
6.65 |
8.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
8.25 |
9.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.17 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.66
|
1.73 |
1.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.74
|
2.75 |
3.23 |
LOCAL AGENCY FURTHER INFORMATION
BACKGROUND :
The Company is a private limited company under the Companies Act, 1956.
The Company is primarily engaged in business of manufacturer and trading in wide
range of pharmaceutical products. The company has its registered office in
Mumbai.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51900MH1991PTC061136 |
|
Name of the
company |
SHREYA LIFE SCIENCES PRIVATE LIMIYED |
|
Address of the
registered office or of the principal place of business in |
Shreya House, 6th Floor, 301/Apereira Hill Road, Andheri
(East), Mumbai – 400099, |
|
This form is for |
Modification of charge |
|
Charge
identification number of the charge to be modified |
90154738 |
|
Type of charge |
Immovable Property |
|
Particular of
charge holder |
Bank of |
|
Nature of
instrument creating charge |
Memorandum of
Entry |
|
Date of
instrument Creating the charge |
27.10.2010 |
|
Amount secured by
the charge |
Rs. 1625.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest shall be
charged on the outstanding in the said account(s) at such rate or rates as
may be determined by the said banks from time to time. Terms of
Repayment On Demand Margin As may be
stipulated by the bank form time to time Extent and
Operation of the charge The company
accorded and gave oral consent to Bank of India to continue to hold and
retain the title deeds (by way of constructive delivery) in respect of its
immovable properties as mentioned under Item No. 15 as security for repayment
of Rs. 1625.000 Millions, together with interest, liquidated damages, costs,
charges and expenses and all other money whatsoever due and payable by the
company to the member banks. Others The charge
created herein shall rank first pari passu inter se the members of Bank of
India consortium and second charge for securing term loan of Rs. 400.000
Millions of SBI. |
|
Short particulars
of the property charged |
Flat nos. 401
ands 402, 4th Floor, Shreya House, |
|
Particulars of
the present modification |
The mortgage /
charge now stands secured upto Rs. 1625.000 Millions (comprising Bank of
India Rs. 275.000 Millions, State Bank of India Rs. 350.000 Millions, |
|
Corporate
identity number (CIN) Foreign company registration number |
U51900MH1991PTC061136 |
|
Name of the
Company |
SHREYA LIFE SCIENCES PRIVATE LIMIYED |
|
Address |
Shreya House, 6th Floor, 301/Apereira Hill Road, Andheri
(East), Mumbai – 400099, |
|
This form is for |
Creation of
Charge |
|
Type of Charge |
· Movable Property (not being pledge) |
|
Particulars of
the charge holder |
Indusind Bank
Limited Ground Floor,
Maker Chambers Iv, Nariman
Point, Mumbai – 400021, |
|
Nature or description
of the instrument(s) creating or modifying the charge |
Hypothecation
agreement for Export Packing Credit. |
|
Date of the
instrument creating or modifying the charge |
31.03.2007 |
|
Amount secured by
the charge |
Rs.97.500
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of
Interests: Interest @
18.75%p.a as applicable to inland advances at prevailing rates including
interest tax for the entire period. Term of
Repayment: On Demand Margin: As may be
stipulated by the Bank from time to time. Extent and
operation of the charge: Hypothecation of
goods, as described under Item No.15 as security for repayment of credit
facilities of Rs.97.500 Millions, together with all interest, costs, charges,
expenses & other monies due and payable under the said facilities granted
by the Bank to the Borrower. |
|
Short particulars
of the property charged (including location of the property) |
All the goods and
commodities viz. Stocks of materials procured under EPC now lying or
thereafter stored at the godowns and yards and premises in Mumbai |
|
Name of the company |
SHREYA LIFE SCIENCES PRIVATE LIMIYED |
|
Presented By |
Axis Bank Limited STR P M Road Branch,
Fort, Mumbai – 400001 |
|
1) Date and description of instrument creating the change |
Deed of
Hypothecation of Machinery and other movable fixed assets no instrument.
Memorandum of Entry (MOE), Equitable Mortgage by Deposit of Title Deeds. Both Dated
07.01.2006 creating a single charge. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Working capital
terms loan Rs.100.000 Millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of
all movable plant and machinery, furniture, fixture etc. both present and
future being movable properties brought into stored at or at present
installed at B/9-2, MIDC, Waluj Industries Area, Aurangabad – 431136 and the
unit at plot No.13/14/15 Village Raipur, P O Bhagwanpur, District Haridwar,
Roorkee, Uttaranchal – 247667 and the Plant and Machinery belonging to
company or at its disposal or stored or be stored or brought into or upon or
in course of transit, more particular described in schedule to deed of
hypothecation. Equitable
Mortgage by deposit of title deeds, more particularly described in Annexure to
first schedule to the MOE, in respect of immovable property being office
premises No.801 on the 8th Floor, admeasuring 2000 sq. ft. super
built up area including 8th Floor, Terrance pf the building known
as Shreya House, Situate Lying and being at 1-A, 1-B and 1-C Pereira Hill
Road, of village Gundavali, Taluka Andheri (East), Mumbai – 400099 more
particularly described in Annexure to second schedule to the MOE together
with the building and structure constructed/ to be constructed thereon. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interests,
Repayment and other terms and conditions as specified by Bank from time to
time. |
|
5) Name and Address and description of the person entitled to the charge. |
Axis Bank Limited |
Fixed Assets:
·
·
· Building
· Plant and Machinery
· Office Equipments, Furniture and Fittings
· Computers Software
· Vehicles
AS PER WEBSITE
Group Profile:
Shreya Group origins go back to
Shreya Group has interests in both
pharmaceutical and biopharmaceutical products in key therapeutic segments.
Currently, subject operates in
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.16 |
|
|
1 |
Rs.70.64 |
|
Euro |
1 |
Rs.58.68 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.